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Aegiq closes oversubscribed investment round to bring quantum photonics platform to market


  • A quantum photonics spin-out from the College of Sheffield lands important funding from Black Quant and Quantum Exponential, in addition to personal angels, taking whole funding to just about £4m
  • Oversubscribed follow-on funding spherical reveals dedication to UK being at forefront of growth of next-generation networking with quantum safety

Sheffield, UK; 12 Could, 2022: Aegiq has as we speak introduced that it secured important funding from Black Quant and Quantum Exponential, in addition to personal angels. Collectively, with existing funding from Innovate UK and High-Tech Gründerfonds, the funding brings Aegiq’s whole obtainable funding to just about £4m.

Aegiq is a spin-out of the University of Sheffield, based by a group consisting of CEO Dr. Max Sich, CTO Dr. Scott Dufferwiel, and CFO Andrii Iamshanov. The corporate, which has secured additional funding from Innovate UK (a part of UK Research & Innovation) this 12 months, has additionally been beforehand awarded funding for a number of initiatives supported by Quantum Technologies Challenge, with whole worth of the funded consortia exceeding £20m.

Aegiq

Aegiq is accelerating growth of its proprietary quantum photonics platform and rising its core R&D group. The expertise is predicated on high-performance single-photon sources and allows a variety of latest functions in quantum science, together with quantum communications, quantum computing and quantum enhanced imaging and sensing. Particularly, Aegiq’s expertise will present important efficiency uplift for quantum communications and QKD functions, in addition to opening doorways for large-scale quantum networking with quantum computing and new quantum info processing protocols.

“Aegiq’s expertise platform primarily based on single photon sources allows numerous functions from dependable and safe communication infrastructures to scalable quantum computing. Black Quant as a individuals centered quantum applied sciences investor is delighted to assist the extremely expert group driving their quantum enterprise from lab to market management.”, mentioned Michael Kott, Common Associate at Black Quant.

“We’re bringing our distinctive photonics expertise to market, primarily based on over 20 years of analysis, to unlock a complete new era of functions, starting from quantum computing to microscopy,” commented Dr. Max Sich, CEO of Aegiq. “We’re delighted to have Black Quant and Quantum Exponential assist our imaginative and prescient, the place quantum information pushed functions will play a big position in our on a regular basis lives. This funding will assist us speed up growth of our distinctive portfolio of merchandise for R&D clients, in addition to drive our additional product growth in quantum photonics, quantum info processing and networking,”

-END-

About Aegiq
Aegiq (/ˈiːdʒɪk/, ee-jik) is utilizing its pioneering single-photon and built-in quantum optics platform to construct a brand new era of networking and computing with quantum expertise. This contains addressing the demand for next-gen fibre and satellite tv for pc quantum communications, in addition to driving additional analysis and growth in quantum computing and quantum optics utilizing its superior expertise.

About Black Quant
Black Quant is the Munich-based, deep-tech investor specializing in early-stage to scale-up firms within the discipline of quantum applied sciences and its enabling applied sciences. Because of each its enterprise and scientific experience and its distinctive ecosystem and market insights Black Quant goals at empowering individuals constructing the leaders of the quantum trade.
https://www.blackquant.de/

About Quantum Exponential
Quantum Exponential is targeted on alternatives in quantum expertise and the broader quantum computing sector, with an advisory board made up of trade advisors, entrepreneurs, and expertise funding professionals with broad entry to quantum alternatives and markets. Quantum Exponential trades on AQSE Progress Market below the ticker image “QBIT’.
https://quantumexp.co.uk/

Media contact:
Leah Jones
CommsCo
ljones@thecommsco.com
+44 7876 117760



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